Ardiden Ltd. posted an initial resource estimate for the North Aubry deposit at its Seymour Lake lithium project in Ontario, with indicated and inferred resources containing an aggregate 8,200 tonnes of lithium.
North Aubry hosts indicated resources of 440,000 tonnes grading 1.52% lithium oxide, or Li2O, and inferred resources of 790,000 tonnes at 1.38% Li2O.
The estimate uses a cutoff grade of 0.4% Li2O, and lithium mineralization remains open along strike and at depth.
The company said Oct. 4 that the initial resource estimate enables it to meet a key condition of a June development agreement regarding Seymour Lake.
Ardiden also defined an exploration target for the North, Central and South Aubry zones, which cover 1 kilometer of strike of an interpreted 5-kilometer mineralized strike zone.
The exploration target has a range of 3 million to 5 million tonnes grading 1.2% Li2O to 1.6% Li2O and covers Central and South Aubry as well as extensions to North Aubry.
The company, which acquired Seymour Lake in late July, said ongoing feasibility work at North Aubry is expected to enable applications for mining approvals at Seymour Lake and continued off-take discussions with various parties.